PLDT Inc ADR (PHI) is the American Depository Receipt version of PLDT Inc, the largest and oldest telecommunications company in the Philippines. Founded in 1928, PLDT operates internationally, catering to the diversified telecommunications needs of its customers.
As an ADR, PLDT Inc ADR allows U.S. investors to hold shares in the company without having to travel internationally or deal with the complexities of foreign investment regulations. Each ADR represents a specific number of shares in the foreign company and trades on U.S. markets just like any other stock. The PLDT ADR trades on the New York Stock Exchange under the ticker symbol "PHI".
PLDT Inc. is a leader within the telecommunications sector, providing a wide range of services, such as fixed-line, wireless, and broadband services. It provides these digital communications services to individual customers, small and medium businesses, and corporate and enterprise clients. The company places a strong emphasis on innovation, continually seeking ways to provide its customers with access to the latest technologies.
The company is structured into three main business segments: Wireless, Fixed Line, and Others. The Wireless segment deals with the provision of wireless communications services, including cellular, broadband, and mobile services. The Fixed Line segment offers local calling, international long-distance services, national long-distance services, data, and other network and miscellaneous services. The Others segment includes businesses in digital marketing, entertainment, and real estate.
PLDT Inc's mission is to empower Filipinos everywhere with customer-focused digital innovations that unlock and share their infinite potential. It aims to be the preferred and trusted partner in digital life of Filipinos. PLDT aggressively pursues its digital pivot strategy that involves the transformation of its current legacy network into a more resilient, software-controlled network infrastructure that seamlessly supports individual, home, and enterprise customers.
Over the years, PLDT Inc. has been recognized internationally for its innovative solutions and service upgrades that improve the customer experience. The company takes a customer-centric approach to business, aiming to provide a consistently superior customer experience through its extensive network reach, customer-focused digital innovations, and strong partnerships.
The ethos of PLDT Inc. is guided by its commitment to innovation, customer satisfaction, and corporate social responsibility. This dedication has enabled the company to not only survive but thrive in the increasingly competitive telecommunication landscape. As PLDT Inc. looks forward, it continues to adapt to meet the evolving needs of its customers, maintaining its good standing as one of the Philippines' leading telecommunications companies.
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Accounting firm SyCip Gorres Velayo & Co. (SGV) has resigned as PLDT Inc.'s external auditor after 24 years due to an independence issue, leading PLDT to appoint PricewaterhouseCoopers' Philippine member firm, Isla Lipana & Co., for its Philippine financial audits. SGV's resignation, effective October 31, followed its withdrawal of audit opinions on PLDT's 2024 and 2025 financial statements, primarily affecting US regulatory reporting. PLDT is now seeking another qualified auditor for its US reporting requirements and must correct accounting errors, though it stated these corrections are unlikely to significantly impact profits or cash flows.
PLDT Inc. Chairman Manuel V. Pangilinan announced that digital banking and payments platform Maya is targeting a dual-market initial public offering (IPO) in 2027, to be listed on both the Philippine Stock Exchange and Nasdaq. Despite foreign shareholders favoring a U.S. listing, Pangilinan insists on a domestic listing for local investor access, citing the success of GCash's parent Mynt Inc.'s recent IPO. Maya, which achieved net profitability in December 2024, aims to raise growth capital and provide an exit for early investors while PLDT maintains its strategic equity.
PLDT Enterprise has enhanced its SmartSafe platform with three new API tools—GeoCheck, NetIdentity, and RoamStatus—to improve online fraud detection for businesses. These tools leverage mobile network information to check for unusual locations, SIM/device changes, and overseas roaming, adding a crucial layer of security to online transactions. The aim is to help businesses make more informed security decisions without complicating the customer experience, complementing existing features like SilentAccess which verifies users without traditional OTPs.
PLDT Enterprise has introduced three new tools—GeoCheck, NetIdentity, and RoamStatus—to its SmartSafe platform to enhance online fraud detection for businesses. These tools leverage mobile network information to check for unusual locations, SIM changes, and overseas roaming, providing an additional layer of security for transactions. The aim is to help companies make more informed security decisions while maintaining a simple customer experience, complementing existing authentication methods like SilentAccess.
The Philippines aims to strengthen its position in Asia's AI infrastructure market through PLDT Inc.'s expanded international connectivity efforts. PLDT Global, the company's international arm, is capitalizing on the growing demand for subsea cable capacity and cross-border networks from global technology companies. This push has already led to a 30% year-on-year revenue increase for PLDT Global in the first half of 2026.
PLDT Inc. has maintained its position as the second highest-ranked telecommunications company globally in the 2026 Children’s Rights and Business Benchmark by the Global Child Forum, achieving a score of 9.9 out of 10. This marks the third consecutive year the company has held this ranking, reflecting its ongoing efforts to integrate children's rights into its operations, including updated safeguarding policies and blocking URLs related to child exploitation. The company's commitment extends to employee welfare and responsible business practices, as detailed in its ESG disclosures.